> I have been amazed at the wilful ignorance of Crypto Andys when it comes to why financial markets, the financial system, central banking, debt and debt markets are the way they are.
Innovation often comes from outsiders. If we wait for the bankers and regulators of this world, we won't see much innovation happening in the way of banking/finance.
> There's a certain delight [1] in watching increased market volatility exposing how understanding merkle trees and consensus protocols doesn't make you an expert on what the financial system is, how it works and why it is the way it is.
That's kind of a sad sentiment to have, on HN of all places. Personally, I don't rejoice in the failure of people who take risks and push the boundaries. I hope they learn from their mistakes and keep innovating.
Innovation often comes from outsiders. If we wait for the bankers and regulators of this world, we won't see much innovation happening in the way of banking/finance.
> There's a certain delight [1] in watching increased market volatility exposing how understanding merkle trees and consensus protocols doesn't make you an expert on what the financial system is, how it works and why it is the way it is.
That's kind of a sad sentiment to have, on HN of all places. Personally, I don't rejoice in the failure of people who take risks and push the boundaries. I hope they learn from their mistakes and keep innovating.